What are IG's commodities MT4 product details?

These positions are cash settled and cannot result in the delivery of any metal; we quote you our own bid/offer spread based on the underlying market.

Spot metals have no expiry date; the position remains open until you choose to close it. Separate daily funding adjustments are made for spot metals.

Contract

MT4 symbol

One contract means

Value of one full point (CFDs)

Normal contract spread [1]

Min margin requirement(per contract)[6]

Spot Gold

XAUUSD.s

100 troy oz

$100

0.3

2%

Spot Silver

XAGUSD.s

5000 troy oz

$5000

2.0

2%

Notes to table

Our metals contracts are a special form of CFD and give you exposure to changes in the price of metals.They are cash settled and cannot result in the delivery of the underlying metal.

1. a) CFDs on spot metals are quoted based on quotes in the underlying market available to us from the banks and liquidity providers with which we trade. We do not apply any weighting or biases to our pricing sources.

b) Spreads are subject to variation, especially in volatile market conditions. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

d) We will not charge any additional commission unless we notify you in writing.

2. Minimum transaction sizes usually start from 0.1 contract. Subject to this minimum size, transactions may be in fractions of a contract.

4. For spot metal transactions, funding adjustments are calculated and posted to the client's account daily. Funding adjustments are calculated based on the relevant tom-next spread, including an admin fee of 0.3% p.a (0.8% for mini contracts). An adjustment is calculated for any position opened before 22.00 that is still open after 22.00 (London time).

5. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency.

6. Margin requirements represent a percentage of the overall position value.

All contracts have no fixed expiry date.

Contract

MT4 symbol

One contract means

Value of one full point (CFDs)

Normal contract spread [1]

Min margin requirement (per contract)[4]

Oil – US Crude

USOIL.s

1000 barrels

$10

2.8

20%

Where you see a number or letter in brackets in the tables, the corresponding note can be found below.

2. Please note that tiered margins apply; this means that higher deposits may be required for large positions. See our margin page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.

3. Commodity funding is based on the market cost of carry including an admin fee of 2.5% per annum.

4. Margin requirements represent a percentage of the overall position value. The amount of margin required depends on the amount of leverage set on the account.

All forms of investments carry risks. Such investments may not be suitable for everyone and can result in losses that exceed deposits, so please ensure that you fully understand the risks and costs involved by reading theRisk Disclosure Statement.

IG Asia Pte Ltd (Co. Reg. No. 200510021K) holds a capital markets services licence from the Monetary Authority of Singapore for dealing in securities and leveraged foreign exchange trading and is an exempt financial adviser. It is also licensed by International Enterprise Singapore to trade CFDs on commodities.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.